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Sansera Engineering Limited Earnings Release 2024

Aug 1, 2023

62659_rns_2023-08-01_904bd1d2-fb54-4c89-bd6a-347cefdc5f96.pdf

Earnings Release

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August 01, 2023

The National Stock Exchange of India Ltd Exchange Plaza, C-1, Block G Bandra – Kurla Complex Mumbai 400051

The Department of Corporate Services BSE Limited, P.J. Towers, Dalal Street Mumbai 400001

Scrip Symbol: SANSERA

Scrip Code: 543358

Dear Sir/ Madam

Subject: Earning Release

Please find attached a copy of Earning Release on the Unaudited financial results of the Company for the quarter ended June 30, 2023.

The above presentation will also be made available on the website of our Company at www.sansera.in.

Kindly take the same in your record.

Thanking you,

for Sansera Engineering Limited

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RAJESH Digitally signed by
KUMAR RAJESH KUMAR MODI Date: 2023.08.01
MODI 18:22:52 +05'30'
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Rajesh Kumar Modi Company Secretary and Compliance Officer M.No. F5176

Encls: a/a

SANSERA ENGINEERING LIMITED

(Formerly Sansera Engineering Pvt Ltd)

Reg Off: No. 143/A, Jigani Link Road, Bangalore-560 105, India, Tel: +91 80-27839081/82/83. Fax: +91 80-27839309 E-mail id: [email protected] Website: www.sansera.in CIN: L34103KA1981PLC004542

Earnings Release

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SANSERA ENGINEERING LIMITED

Q1 FY24 Consolidated Results

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Tuesday, 1[st] August 2023, Bengaluru – Sansera Engineering Limited, known for developing complex and critical precision engineered components for the automotive and non-automotive sectors over multiple decades, announced its unaudited Financial Results for the quarter ended June 30[th] , 2023.

Q1FY24 Rs. 6.6 Bn Highest ever quarterly Revenue

Consolidated Result Highlights

Consolidated Result Highlights Consolidated Result Highlights Consolidated Result Highlights Consolidated Result Highlights
Particulars (Rs. in Mln)
Q1FY24
Q1FY23
YoY
Revenue From Operation* 6,600.7 5,321.7 24%
EBITDA 1,143.5 914.4 25%
EBITDA Margin 17.3% 17.2%
Profit After Tax 451.7 347.8 30%
Profit After Tax Margin 6.8% 6.5%
  • *This quarter onwards “Revenue from operations” is shown instead of “Total Income”

Sales Mix – Q1FY24

  • By Geographies: India – 68.4%, Europe – 19.5%, USA – 9.0% and Other Foreign Countries – 3.1%

  • By End-Use Segments: Auto-ICE – 76.4%, Auto-Tech Agnostic & xEV – 11.9% and Non-auto – 11.7%

Key Highlights

  • › International business grew by 35% while domestic business registered a healthy 20% growth

  • › Total orders booked during Q1 FY24: Rs. 3.7 Bn. As of Jun-23, order book with annual peak revenues stood at Rs 16.9 bn; very healthy order booking for global markets. Almost 70% of new order inflows came in from Auto-ICE segment, 21% from Auto-Tech Agnostic & xEV segment and remaining 9% from Non-Auto segment

  • › On the debt front, our net debt stood at Rs. 7.2 Bn (Jun-23)

  • › Construction of new machining facility at plant 11, Bidadi is on track for completion by end of FY24

  • › The board has approved appointment of Mr. BR Preetham as Executive Director and designated as Executive Director & Group CEO of the Company w.e.f. the date of 41st AGM to be held on September 08, 2023 for a period of 5 years. Further, Mr. Raunak Gupta, Non-Executive Nominee Director will retire on the date of 41[st] AGM of the Company on completion of his term.

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“Net Debt is excluding lease liability and accrued interest

Earnings Release

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Commenting on the performance Mr. B R Preetham, Group CEO, Sansera Engineering

Limited said, “I am delighted to share with you that we have kicked off the fiscal year with our best ever performance in terms of topline and EBITDA. This stellar performance is driven by a broad based growth across domestic and international markets, we hope to continue in top gear.

On one hand, our newer segments like Auto-Tech Agnostic & xEV products and Nonauto continued to perform well on a modest yet rapidly growing base, on the other hand, our well established Auto-ICE segment delivered a healthy ~20% growth on a far bigger base. The growth registered by our newer segment illustrates Sansera’s adaptability to newer requirements and our futuristic product range. Meanwhile, AutoICE growth is a clear reflection of our prowess in core product categories.

Given the convergence of these advantageous factors and favorable market conditions throughout our operational divisions, we anticipate a robust performance for the fiscal year 2024.”

About Sansera Engineering Limited

Sansera Engineering Limited was incorporated in 1981. Sansera is an engineering-led integrated manufacturer of complex and critical precision engineered components across automotive and non-automotive sectors. Within the automotive sector, we manufacture and supply a wide range of precision forged and machined components and assemblies, such as connecting rod, rocker arm, crankshaft, gear shifter fork, stem comp, and aluminum forged parts, which are critical for engine, transmission, suspension, braking, chassis and other systems for the 2-wheeler, passenger vehicle and commercial vehicle verticals. Within the non-automotive sector, the Company manufactures and supplies a wide range of precision components for the aerospace, off-road, agriculture and other segments, including engineering and capital goods.

For more information about the Group and its businesses, please visit www.sansera.in

Safe Harbour Statement:

Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors.

For more information please contact:

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Sansera Engineering Limited CIN: L34103KA1981PLC004542 Mr. Rajesh Kumar Modi, Company Secretary & Compliance Officer Email id: [email protected]

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Strategic Growth Advisors Pvt Ltd. CIN: U74140MH2010PTC204285 Shikha Puri / Dharmik Kansara Email id: [email protected] / [email protected] Tel No: +91 9819282743 / +91 7208179323

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